October, 2024

October, 2024

Ethereum-Based Memecoin Skyrockets Its Way Into Top 100 Coins With 4,978% Rally in One Month
A new memecoin has seemingly come out of nowhere to break into the top 100 crypto assets by market cap with incredible rallies. SPX6900 (SPX), a reference to the S&P500 index which satirically aspires...

Mastercard Debuts New Tool for Verifying Cardholders’ ID
Mastercard has a new way for issuers to confirm cardholders’ identifying information. Dennis Gamiello, the company’s executive vice president for identity products and innovation, wrote in a blog...

Barclays to Become Exclusive Issuer of General Motors Credit Cards
Barclays US Consumer Bank will become the exclusive issuer of General Motors’ GM Rewards Mastercard and GM Business Mastercard in the United States in the summer of 2025 and will acquire the card pr...

Deutsche Bank Debuts Correspondent Banking Solution dbX
Deutsche Bank has debuted a suite of correspondent banking solutions for its clients. Announced Monday (Oct. 14) by the banking giant’s institutional cash and trade arm, dbX is designed to give “...

Collaborative Finance: How SaaS and Embedded Payments Are Changing the Game
We at PYMNTS have long been covering the trend that, in shorthand, is “embedded everything,” where payments, especially, are being woven inextricably into software and into platforms. The embedded...

Bank of America Merges FinTech and Technology Investment Banking Teams
Bank of America has merged its FinTech and technology investment banking teams. The 50 bankers in its FinTech team will join the 200 in its tech group, reflecting the growing similarities between the ...

What on-Soil Requests Mean for Cross-Border Payments Compliance
If businesses aren’t ready for cross-border compliance, they may as well be writing regulators a blank check. And particularly as it relates to financial services, eCommerce and digital platforms, c...

AI Explained: AI Agents Are Quietly Taking Over Everyday Tasks
Artificial intelligence agents are everywhere, quietly reshaping industries and automating tasks we didn’t think possible a few years ago. Unlike basic automation, these AI agents can handle complex...

India Central Bank Head Warns of AI ‘Opacity’ in Finance
The head of India’s central bank is warning about AI use in financial services. Reserve Bank of India Governor Shaktikanta Das said Monday (Oct. 14) that the increased usage of artificial intellig...

New Starbucks Boss Reportedly Pulling Back on Discounted Drinks
Discounted drinks are reportedly becoming rarer under the leadership of Starbucks’ new CEO. Brian Niccol became chief executive in August, and the company has since scaled back the array of disco...

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November